HEY DEAR FRIENDS, CAN ANYONE TELL ME ,WHY IS THE DIFFERENCE IN RATES OF A STOCK/SHARE PRICE IN DIFFERENT EXCHANGES??? FOR EXAMPLE :- SHARE OF BHARTI AIRTEL IN BSE IS RS.609.87 & IN NSE IT IS RS.605, WHY IS IT????
3 Replies
Bijoy N.Momaya
(www.RupeeResearch.com (Eqty Advisory & Stock Broker))
(477 Points)
Replied 12 March 2010
Rightly said by ketan sir. The rates may differ in two different exchange boards.
Let me put it in a simple way. Rates of a fruit Apple differ in different fruit markets. Similarly u find the rate differences in different exchange board.
You may buy it in BSE where the rate is 605 and sell it in NSE where the rate is 609. It is called as Arbitrization. Its very risky sometimes as the rates in other exchange may not favour when u want to sell it. Ask about this to your broker. He will explain u the things practically.
Thanks & Regards, Bijoy - ProfitControl
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